What's Going On ?
If we look at the market lately, we could find
1. Risky asset going up
2. Crypto influencer post more about their favorite currency
3. Less news about war (Russia and Ukraine) but there's a little news about Russia & Wagner Drama
4. Latest CB Speech are still hawkish
5. China data show unfavorable result
6. US Bond starting to take off again
I think economy will nearly try to rise again since labor data, housing data and consumer data is getting better. Of course this will go beyond CB's expectation to lower inflation and maybe they'll rise their IR again or hold for longer or maybe making some policies.
Technically, also I'm still bearish on
GOLD as you can see now I'm looking for longer AB=CD Correction but in a short run, in 4 hours there're divergence that bother's me. So, I think it'll be a pullback first into those area before continuing it's journey down.
Disclaimer Always ON
Feel free to leave a comment.
Wish us tons of luck & May the pips be with you.
Cheers.
If we look at the market lately, we could find
1. Risky asset going up
2. Crypto influencer post more about their favorite currency
3. Less news about war (Russia and Ukraine) but there's a little news about Russia & Wagner Drama
4. Latest CB Speech are still hawkish
5. China data show unfavorable result
6. US Bond starting to take off again
I think economy will nearly try to rise again since labor data, housing data and consumer data is getting better. Of course this will go beyond CB's expectation to lower inflation and maybe they'll rise their IR again or hold for longer or maybe making some policies.
Technically, also I'm still bearish on
GOLD as you can see now I'm looking for longer AB=CD Correction but in a short run, in 4 hours there're divergence that bother's me. So, I think it'll be a pullback first into those area before continuing it's journey down.Disclaimer Always ON
Feel free to leave a comment.
Wish us tons of luck & May the pips be with you.
Cheers.
Trade closed: target reached
Target Zone reached.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.